Rockefeller Philanthropy Advisors (RPA) and Campden Wealth published “Global Trends and Strategic Time Horizons in Family Philanthropy 2020,” a report based on a survey of 201 families of significant wealth who are engaged in philanthropic giving. Rockefeller Philanthropy Advisors also published Strategic Time Horizons: A Global Snapshot of Foundation Approaches in partnership with NORC at the University of Chicago.
The responses from the two surveys reveal why these families and foundations give, the types of vehicles through which they donate, what shapes their philanthropic time horizon choices, popular causes, and engagement of the next generation.
Global Trends and Strategic Time Horizons in Family Philanthropy 2020 is the only global survey about family philanthropy of such a scope. The survey respondents represent 28 countries and $2.4 billion in annual giving. With half of the respondents based in the United States, 25% in Europe, and 20% in the Asia-Pacific region, the survey also provides insight on regional nuances to philanthropy.
Among the most significant findings from Global Trends and Strategic Time Horizons in Family Philanthropy 2020 include:
- More donors are proactively considering the time horizon of their philanthropy, weighing whether it is more effective to have a pre-determined end date for philanthropic initiatives or to continue in perpetuity.
- Education is the top cause families give to globally, constituting 29% of the average philanthropic portfolio, followed by health (14%), and the arts, culture and sports (10%).
- European donors are twice as likely to give outside their region as those from North America and Asia-Pacific.
- Despite increasing global concern for climate change, the environment receives a scant 8% of the giving portfolios in this survey.